Media OutReach
Sino Land is Well-Positioned to Capitalise on Opportunities Stable Interim Dividend at HK15 Cents per Share
- The Group’s unaudited underlying profit attributable to shareholders, excluding the effect of fair-value changes on investment properties for the six months ended 31 December 2024 (“Interim Period”) was HK$2,241 million (2023: HK$2,945 million).
- Steady interim dividend at HK15 cents per share.
- Attributable revenue from property sales for the Interim Period, including share from associates and joint ventures, was HK$2,448 million (2023: HK$6,635 million). Five new residential projects scheduled for launch in 2025.
- The Group has a visible pipeline for property sales recognition. Approximately HK$11.3 billion of total attributable contracted sales are yet to be recognised, with approximately HK$9.1 billion expected for recognition in the second half of FY2024/2025.
- Attributable gross rental revenue, including share from associates and joint ventures, was HK$1,748 million (2023: HK$1,777 million).
- The Group’s hotel revenue, including attributable share from associates and joint ventures, was HK$794 million compared with HK$811 million in the same period last year. Gross operating profit was HK$261 million, an increase of 2.8% compared with HK$254 million in the same period last year.
- As at 31st December, 2024, the Group had a land bank of approximately 19.4 million square feet of attributable floor area in Mainland China, Hong Kong, Singapore and Sydney, sufficient to meet the Group’s development needs over the next few years. The Group will continue to be selective in replenishing its land bank to optimise its earnings potential.
Financial Highlights
| For the six months ended 31 December: | 2024 | 2023 | Change | |
|
|
||||
| Revenue | HK$3,854 million | HK$4,923 million | -21.7% | |
| Underlying profit | HK$2,241 million | HK$2,945 million | -23.9% | |
| Profit attributable to shareholders | HK$1,820 million | HK$2,616 million | -30.4% | |
| Dividend per share | ||||
| Interim | HK15 cents | HK15 cents | – |
Results and Business Highlights
HONG KONG SAR – Media OutReach Newswire – 26 February 2025 – Sino Land Company Limited (Stock Code: 83) today announced its interim results for the six months ended 31 December 2024 (the “Interim Period”). The Group’s unaudited underlying profit attributable to shareholders, excluding the effect of fair-value changes on investment properties for the Interim Period was HK$2,241 million (2023: HK$2,945 million). Underlying earnings per share was HK$0.26 (2023: HK$0.35).
After taking into account the revaluation loss (net of deferred taxation) on investment properties of HK$407 million (2023: revaluation loss of HK$142 million), which is a non-cash item, the Group reported a net profit attributable to shareholders of HK$1,820 million for the Interim Period (2023: HK$2,616 million). Earnings per share was HK$0.21 (2023: HK$0.31).
Interim dividend of HK$15 cents per share
The Board of Directors has declared an interim dividend of HK15 cents per share. (2023: HK15 cents per share). The steady interim dividend underscores the Group’s solid financial position. As at 31 December 2024, the Group had net cash of HK$45,880 million.
Property Sales – Five new projects scheduled for launch in 2025
Total revenue from property sales for the Interim Period, including property sales of associates and joint ventures, attributable to the Group was HK$2,448 million (2023: HK$6,635 million).
The Group has five new residential projects scheduled for launch in 2025. These include ONE CENTRAL PLACE in Central, Yau Tong Ventilation Building Property Development, Grand Mayfair III in Yuen Long, and LOHAS Park Package Thirteen Property Development in Tseung Kwan O which have obtained pre-sale consents. In addition, the Group expects to obtain pre-sale consent for Wing Kwong Street/Sung On Street Development Project in To Kwa Wan in calendar year 2025. The timing for launching these projects for sale will depend on when the pre-sale consent is received and the prevailing market conditions. Subsequent to the Interim Period, certain units of La Montagne in Wong Chuk Hang were launched for sale in January 2025.
As at 31 December 2024, the Group had a land bank of approximately 19.4 million square feet of attributable floor area in Mainland China, Hong Kong, Singapore and Sydney, which is sufficient to meet the Group’s development needs over the next few years.
Diversified and balanced investment properties portfolio showed long-term resilience
For the Interim Period, the Group’s attributable gross rental revenue, including share from associates and joint ventures, was HK$1,748 million (2023: HK$1,777 million), representing a decrease of 1.6% year-on-year. This decline was primarily due to emerging challenges in the retail sector. Given the dynamic nature of the current operating environment, the Group is continuously refining and optimising our tenant mix, while also organising ongoing marketing and promotional activities in our shopping malls to boost foot traffic.
Among the different sectors, residential showed the biggest improvement, with occupancy rate rising by 1.1 percentage points to 89.0 % (2023: 87.9%). The industrial sector also saw an increase of 0.2 percentage points to 89.7% (2023: 89.5%). Hong Kong remains well-positioned to capitalise on its status as an international hub and financial centre. The ongoing integration into national development initiatives such as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Northern Metropolis proposed by the HKSAR Government, will further bolster Hong Kong’s role as a key hub connecting the country with the world. Additionally, the various talent schemes launched by the HKSAR Government, along with the recent pickup in financial market activities, are expected to bolster the Group’s rental income over time.
As at 31 December 2024, the Group has approximately 13.2 million square feet of attributable floor area of investment properties and hotels in Mainland China, Hong Kong, Singapore and Sydney.
Hotel Operations – Continuous improvement in profitability
In 2024, Hong Kong saw a steady improvement in tourism. Visitors from Mainland China made up 76% of total visitor arrivals, posting a year-on-year increase of 27% to 34.0 million. Long-haul markets also experienced more than a 50% growth. The Group’s overseas operations in Singapore and Sydney continued to deliver encouraging results, with continuous improvement in gross operating profit during the Interim Period. For the Interim Period, the Group’s hotel operating profit increased by 2.8% to HK$261 million, driven by sustained occupancy rates and stringent cost containment measures.
Looking ahead, the opening of the Kai Tak Sports Park in the first quarter of 2025, the development of panda tourism, and the resumption of multiple-entry permits for Shenzhen residents are expected to support the growth of the tourism industry and inject new momentum into Hong Kong’s hospitality industry. Management continued to prioritise cost control while actively seeking new strategies to enhance the quality of our hotel services and improve efficiency.
With robust financials and sustainable strategies, the Group is well-positioned to capitalise on opportunities
The Group is making steady strides on its sustainability journey. In the Interim Period, Sino Land was included in the Dow Jones Sustainability World Index (DJSI World) while maintaining its position in the DJSI Asia Pacific Index for the third consecutive year. In addition, Sino Land has recently been selected as a constituent of the FTSE4Good Index Series and achieved an AA+ rating in the Hang Seng Corporate Sustainability Index Series for the second consecutive year. These recognitions reaffirm Sino Land’s commitment to promoting ESG and sustainability.
Our robust financials and sustainable business strategies underpin the Group’s commitment to creating long-term value for our shareholders:
- Approximately HK$11.3 billion of total attributable contracted sales are yet to be recognised, with approximately HK$9.1 billion expected for recognition in the second half of FY2024/2025.
- Five new residential projects scheduled for launch in 2025.
- Diversified and growing investment property portfolio providing stable recurrent income.
- Committed to sustainability and promoting positivity in the community.
- Strong financial position to support future growth
“Looking ahead to 2025, the Group will remain vigilant and adaptable amidst the rapidly evolving macroeconomic environment. Our leadership emphasises the importance of solid fundamentals, deep customer insights, sustainability and the commitment to excellence. We shall continue to enhance productivity and efficiency, along with careful financial management. With robust financials and sustainable business strategies, the Group is well equipped to navigate challenges and seize opportunities that arise,” said Mr. Robert Ng Chee Siong, Chairman of Sino Land.
Please download photos from here.
Hashtag: #SinoLand
The issuer is solely responsible for the content of this announcement.
Media OutReach
Empowering Hongkongers to Build Side Businesses — Asia Coach Group Partners with E-Commerce Educator Francisco Ho to Launch the New “10x E-Commerce System” Course
Nearly 40% of Hongkongers Run a Side Business — E-Commerce Emerges as the New Frontier
According to a Glassdoor-Harris poll, nearly 40 per cent of Hongkongers maintain a side business to meet rising living costs. A separate Statista survey found that 64 per cent of Hong Kong e-commerce operators expect revenue growth of 10 to 20 per cent in 2026. As digital tools become more accessible and barriers to entry continue to fall, a growing number of professionals and young entrepreneurs are turning to independent branded online stores to broaden their business reach, driving a surge in demand for systematic e-commerce knowledge and hands-on operational skills.
A New Entrepreneurial Pathway for Professionals
Francisco Ho said: “More and more professionals in Hong Kong are exploring how to turn their expertise or personal interests into a sustainable brand. The appeal of e-commerce lies in its relatively low barrier to entry and its potential for scalability. You don’t need to leave your day job to build a business from the ground up. The 10x E-Commerce System is built for exactly these individuals — offering a practical, actionable framework that turns ‘I want to give it a try’ into a concrete first step.”
The programme moves beyond the conventional reliance on third-party marketplace platforms, teaching participants to establish independently branded online stores. Through data-driven product selection strategies, seasonal consumer psychology analysis, and AI-powered tools, learners are equipped to capitalise on peak holiday shopping periods.
Four Core Modules — Building a Complete E-Commerce Skill Chain
The curriculum is structured around four core modules that together form a comprehensive e-commerce skill chain. The “P.V.S. Value Bundling Method” leverages data-driven insights for precision product selection and high-margin product development. The “S-Tier Supply Chain Alliance System” establishes asset-light partnership models that reduce capital pressure and inventory risk. The “KOL Traffic Monetisation Engine” provides a replicable framework for influencer collaboration and short-form video traffic generation. Finally, the “AI Growth Flywheel” integrates automated customer service, AI-powered predictive product selection, and dynamic pricing mechanisms, working in tandem with the Shopify platform to enable highly efficient, automated store operations — allowing participants to sustain and grow their business even while maintaining full-time employment.
A Homegrown Mentor with a Global Footprint
Course instructor Francisco Ho is the founder of two online stores each generating over HKD 100 million in annual revenue, with combined annual sales exceeding USD 17 million. His business portfolio spans Korean cosmetics brand BLESSEDMOON, investment firm COLLECTED GROWTH, and the business programme Pitching Dojo. Having launched a large-scale online store and established his own manufacturing facility at the age of 20, Ho is a member of the World Elite Leaders Alliance and has to date mentored over 100 students in successfully scaling their e-commerce businesses.
As Hong Kong’s e-commerce market enters a phase of accelerated growth, the data-driven and AI-empowered approach championed by the 10x E-Commerce System represents a vital resource for local entrepreneurs seeking to ride the digital economy wave and break through in an increasingly competitive landscape.
Hashtag: #Ecommerce #Business #Entrepreneurship #Coaching #FranciscoHo #10xEcommerceSystem
https://asiacoachgroup.com/The issuer is solely responsible for the content of this announcement.
About Asia Coach Group
Founded in 2019, Asia Coach Group is a premier business education institution serving professionals and organisations across Asia. Our mission is to develop high-calibre business leaders and equip them with the skills, strategies, and mindset to drive measurable results.
To date, we have trained over 10,000 participants — from C-suite executives and seasoned professionals to first-time founders — generating more than HKD 300 million in cumulative revenue. Our faculty comprises six domain-expert instructors specialising in e-commerce, sales, investment, and corporate performance training.
Media OutReach
Only 1 in 5 Professionals in Singapore and Malaysia Demonstrate AI-Ready Skills, New Epitome Data Reveals
Aggregated multi-year assessments in Singapore and Malaysia highlight skills gaps as AI adoption accelerates
SINGAPORE – Media OutReach Newswire – 16 February 2026 – As artificial intelligence adoption accelerates across organisations, new data from workforce intelligence company Epitome Global signals that skills gaps may constrain the next phase of AI-driven productivity.
Based on aggregated skills assessments conducted across Singapore and Malaysia between 2023 and 2025, only around one in five professionals consistently demonstrate characteristics associated with AI-ready skills, including persistence, curiosity and reflective learning.
The findings are drawn from assessment data involving more than 200 participants across workforce development, employability and organisational programmes. While more than 70% of participants report advanced digital literacy, deeper skills gaps remain: approximately 56% rate themselves at a basic level in decision-making, and around 42% report only basic confidence in computational thinking, skills increasingly required to supervise AI tools, interpret outputs and integrate technology into workflows.
The data signals that as AI tools become more accessible, workforce readiness, rather than technology availability, may emerge as the primary constraint on performance in 2026.
“AI tools are scaling faster than workforce readiness,” said Kevin Chan, CEO of Epitome Global. “In the next phase of adoption, the differentiator will not be access to technology, but clarity around what people can actually do, how they make decisions, adapt and collaborate with AI-enabled systems.”
Five Workplace Trends to Watch in 2026
Based on these findings, Epitome identifies five workplace trends expected to shape organisations in 2026:
- Disengagement and skills decay as rising risks to productivity and performance: Only around 1 in 5 workers consistently display behaviours associated with AI ready talent, such as persistence, curiosity and reflective learning.
- Rapid AI adoption in the workplace in 2025 revealed gaps in AI integration: Despite strong uptake, 65% of organisations in Singapore remain focused on basic AI use cases, highlighting limits in scaling and embedding AI into workflows.
- Workers across Southeast Asia and India shifting from cost based outsourcing toward higher value technical roles: Professionals in markets such as the Philippines, Vietnam and India are expanding into engineering, product, IT and data science functions, competing more directly in global talent markets.
- Intensifying fire and hire cycles as organisations rebalance skills: In 2026, companies will continue to cut roles that no longer match future needs while hiring selectively for advanced technical and cross functional capabilities.
- Senior employability becoming more strategic in AI driven organisations: As Asia ages, employers are looking at how senior professionals can contribute as knowledge carriers, reviewers of AI assisted outputs and cross functional mentors.
As organisations move further into 2026, differences in outcomes are likely to be shaped less by the number of AI tools deployed and more by how clearly organisations understand, measure and develop workforce skills.
For the full market commentary, visit: https://epitome.global/
Hashtag: #epitomeglobal #technology #singapore #business #AI
https://epitome.global/
https://www.linkedin.com/company/epitome-global-pte-ltd/?originalSubdomain=sg
The issuer is solely responsible for the content of this announcement.
Epitome Global
Founded in 2016 and headquartered in Singapore, Epitome Global is a workforce intelligence and skills analytics company that helps organisations understand, develop and deploy talent in an AI-enabled economy. Combining data analytics, artificial intelligence and sector-specific expertise, Epitome Global supports public and private sector organisations in workforce planning, skills assessment and targeted upskilling.
With approximately 1.3 million user profiles captured to date, Epitome Global leverages human capital analytics to power dashboards and workforce decision-making for enterprises and government agencies globally. Its platforms inform decisions around talent mobility, skills development and workforce transformation at scale.
Media OutReach
Lee Kum Kee Sauce Serves as Platinum Sponsor of the 2026 Chinese New Year Festival & Market Day
Bringing Festive Flavours and Delicious Moments to the Community
AUCKLAND, NEW ZEALAND – Media OutReach Newswire – 16 February 2026 – Lee Kum Kee Sauce (“Lee Kum Kee”), the global leader of Asian sauces and condiments, marked a successful debut as the Platinum Sponsor of the 2026 Chinese New Year Festival & Market Day in Auckland. Co-hosted by the Auckland Chinese Community Centre (ACCC) and Channel 33, this festival was held on 14 February 2026, in celebration of the upcoming Year of the Horse, bringing together families, community groups, and cultural performers.
Set against the backdrop of the Auckland Showgrounds, the festival featured over 200 specialist stalls offering traditional Chinese hot delicacies, festive foodstuffs and traditional arts and crafts, attracting over 20,000 visitors. The extensive entertainment programme included lion dances, traditional Chinese songs and performances that brought the spirit of the celebrations to life.
Lee Kum Kee set up a captivating booth experience for festivalgoers of all ages, allowing them to explore an extensive range of sauces through delectable tastings, exclusive promotional sales, and the exciting “Chopstick Lucky Dip” prize-giving game, which drew enthusiastic participation throughout the event.
In serving the local community, Lee Kum Kee aims to bring traditional festive moments to life. Gary Hui, Business Development Director – Oceania of Lee Kum Kee Sauce, remarked, “Spring Festival represents family, togetherness, and the joy of sharing meals. We are proud to support an event that reflects these values. Whether you are discovering new tastes or enjoying familiar favourites, we hope this festival brings joy and connection to all.”
A trusted household name for generations, Lee Kum Kee is renowned for its authentic Asian sauces that inspire home cooking and festive dining. Through on-going community partnerships and cultural celebrations, Lee Kum Kee remains committed to supporting local communities while promoting Chinese culinary culture worldwide through the joy of food.Hashtag: #LeeKumKee #LKK
https://www.LKK.comThe issuer is solely responsible for the content of this announcement.
About Lee Kum Kee
Lee Kum Kee is the global gateway to Asian culinary culture, dedicated to promoting Chinese culinary culture worldwide. Since 1888, it has brought people together over joyful reunions, shared traditions, and memorable meals. Beloved by consumers and chefs alike, Lee Kum Kee’s range of more than 300 sauces and condiments sparks creativity in kitchens everywhere, inspiring professional and home chefs to experiment, create, and delight. Headquartered in Hong Kong, China and serving over 100 countries and regions, Lee Kum Kee’s rich heritage, unwavering commitment to quality, sustainable practices, and “Constant Entrepreneurship” combine to enable superior experiences through Asian cuisine for people worldwide. For more information, please visit www.LKK.com.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn